WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits fell unexpectedly last week as the labor market remained resilient despite higher borrowing costs and mounting fears of a recession. Initial claims for state unemployment benefits dropped 3,000 to a seasonally adjusted 183,000 for the week ended Jan. 28, the …
US weekly jobless claims fall; layoffs surge in January Read More »
Market route deepens in Indian tycoon Adani’s shares Adani Enterprises loses $26 bln in value since report Falls after Adani pulled share sale, investors spooked Analysts say signals confidence crisis in the Indian market NEW DELHI/MUMBAI, Feb 2 (Reuters) – Adani Group’s market losses swelled to more than $100 billion on Thursday, sparking worries about …
Adani’s market losses top $100 billion as shelved share sale spooks investors Read More »
Feb 1 (Reuters) – ChatGPT, the popular chatbot from OpenAI, is estimated to have reached 100 million monthly active users in January, just two months after launch, making it the fastest-growing consumer application in history, according to a UBS study on Wednesday. The report, citing data from analytics firm Similarweb, said an average of about …
ChatGPT sets record for fastest-growing user base – analyst note Read More »
TOKYO, Feb 2 (Reuters) – Japan’s Honda Motor Co (7267.T) said it will start producing a new hydrogen fuel cell system jointly developed with General Motors Co (GM.N) this year and gradually step up sales this decade, in a bid to expand its hydrogen business. Honda will target annual sales of around 2,000 units of …
Honda to start producing new hydrogen fuel cell system co-developed with GM Read More »
WASHINGTON, Jan 31 (Reuters) – The White House is launching a partnership with India on Tuesday that President Joe Biden hopes will help the countries compete against China on military equipment, semiconductors and artificial intelligence (AI). Washington wants to deploy more Western mobile phone networks in the subcontinent to counter China’s Huawei Technologies Co Ltd …
US, India partnership targets arms and AI to compete with China Read More »
WASHINGTON, Jan 31 (Reuters) – The United States is readying more than $2 billion worth of military aid for Ukraine that is expected to include longer-range rockets for the first time as well as other munitions and weapons, two US officials briefed on the matter told Reuters on Tuesday. The weapons aid is expected to …
US readies $2 bln-plus Ukraine aid package with longer-range weapons -sources Read More »
HOUSTON, Jan 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own …
Exxon smashes Western oil majors’ profits with $56 billion in 2022 Read More »
WASHINGTON, Jan 31 (Reuters) – Tesla Inc (TSLA.O) disclosed on Tuesday the US Justice Department has sought documents related to its Full Self-Driving (FSD) and Autopilot driver-assistance systems as regulatory scrutiny intensifies. The automaker said in a filing it “has received requests from the DOJ for documents related to Tesla’s Autopilot and FSD features.” Reuters …
US seeks Tesla driver-assist documents; company hikes capex forecast Read More »
SINGAPORE, Jan 31, (Reuters) – Like many rich Chinese, graduate student Zayn Zhang thinks Singapore could be ideal to park his family’s wealth. He’s hoping that studying at a university in the Asian financial hub will lead to permanent residency and while the 26-year-old hits the books, his wife is out looking for a S$5-7 …
Disillusioned at home, super-rich Chinese set their sights on Singapore Read More »
Jan 30 (Reuters) – The Biden administration has stopped approving licenses for US companies to export most items to China’s Huawei, according to three people familiar with the matter. Huawei has faced US export restrictions around items for 5G and other technologies for several years, but officials in the US Department of Commerce have granted …
US stops granting export licenses for China’s Huawei – sources Read More »
